Major Indexes Plunge On Bernake Fallout, Economy And Europe; GAZ Floats, GDXJ Crashes

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[Chart courtesy of MarketWatch.com] The major index ETFs took the year’s second hardest knock Thursday losing more than two percent as investors ran for safe haven assets amid indications of a global slowdown, while rumors of an impending downgrade of 17 major US banks by Moody’s Analytics added to market concerns. Obviously, disappointment in what the markets perceived as a …

US Stocks Rise Again On Fed Stimulus Hopes; Will Bernanke Deliver?

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[Chart courtesy of MarketWatch.com] US stocks rallied Tuesday, adding more than one percent for the day on hopes of extension of the Operation Twist as the US central bank’s two-day long FOMC meeting started today. Resilient housing data for May boosted sentiments further, pushing US indexes to a five-week high. Treasuries declined after three continuous gain-days amid growing chatters that …

US Equities End Mixed As Spain Takes Center Stage; GAZ Rises, EWP Sinks

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US equities finished mixed Monday with the Dow Industrials wavering as relief over the win of pro-bailout parties in Greece, which diminishes an imminent exit for Athens greatly, proved short lived. Spanish 10-year borrowing costs hit a euro-era high, breaching the seven percent level that ultimately forced the Dow lower for the day. Amid speculations that the Federal Reserve will …

Equity ETFs Drop As Spain Rescue Disappoints And Greece’s Election Looms Large; VIXY Pops, GAZ Crashes

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[Chart courtesy of MarketWatch.com] US stocks swung wildly Monday giving up early gains to close sharply lower following the best week of the year as investors remained concerned over the upcoming Greek elections and optimism over Spain’s $125 billion bank bailout-deal fizzled on worries that the benefits will not be sustained. The treasury 30-year bonds pushed higher for the first-time …

US Stocks End Lower As Major Market ETFs Lose Six Percent In May; TLT Rises, USO Dips

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[Chart courtesy of MarketWatch.com] US stock indexes extended losing their streak Thursday, dropping to their lowest levels since 2010 with the blue-chip Dow halting its winning streak in May. Investor sentiment sank following a report from payroll-services firm ADP that showed US companies added fewer jobs in May than the forecasted 157,000. At 133,000, unemployment rate is expected to remain …

US Stocks Fight Back Clinging To Rumors After Sharp Initial Fall; GLDX Glitters, GAZ Sinks

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[Chart courtesy of MarketWatch.com] US stocks fought back in the final hour of trading Wednesday despite witnessing sharp declines with the NASDAQ and the S&P 500 reclaiming the green territory even though the threat of a possible Greece exit continues hang over the markets. If things look desperate, hanging on to the latest rumor can restore momentum as ZeroHedge points …